5.30pm: The BBC has agreed its terms of trade with independent producers, although producer body Pact has warned the corporation must 'adhere to the spirit as well as the letter of the law'. By David Wood.

12.30pm: The BBC sports department has been told to be more careful in future after bad language during live coverage of the University Boat Race and a punch in a rugby match was referred to as a 'gay slap'. By David Wood.

Media watchdog Ofcom today imposed its first fine on a broadcaster, ordering the adult satellite channel XplicitXXX to pay a £50,000 penalty for 'negligently' broadcasting unencrypted hardcore sex as early as 8.30pm.